In a Q & A column in the Globe and Mail, Lou Schizas of happycapitalism.com responded to questions from a reader regarding the outlook for Nevada Copper Corp. (TSE:NCU). Schizas saw positive signs for the copper miner stemming in part from advancing development at Nevada’s Pumpkin Hollow Project.
As quoted in the column:
The three-year chart outlines a stock that has been in a retreat that started back in 2011 as copper prices began their decline. NCU traded to a high of $6.13 in May of 2011 while Pumpkin Hill has been advanced greatly since then. There are two external factors that could help drive the price back to those levels: a rise in copper prices or a takeover offer. There has been some speculation that a bigger player could be interested in the stock given the value of the resource, and its favourable location.